Source: NAR Pending home sales slipped in July, as buyers reconsidered with prices hitting all-time highs. VNQ is up 0.45%, MORT is down 0.46%, and IYR is up 0.49%. The Pending Home Sales Index fell 1.8% both-month-on-month and 8.5% year-on-year to 110.7 in June. A 100 index is equivalent to activity in 2001.The Northeast PHSI fell 6.6% month-on-month and 16.9% … [Read more...] about Pending Home Sales Moderate as Prices Hit All-Time Highs
Forex News
German Annual Inflation Jumped 3.4% in August, a New 13-Year Record High
Source: Reuters Germany's annual consumer price inflation rose to hit a new 13-year record high in August, caused by growing price pressures as the economy recovers from the pandemic. DAX up +0.077%, EURUSD down -0.10 Consumer prices, harmonized to make it comparable with inflation data from other EU countries, increased by 3.4% compared with 3.1% in July.The August … [Read more...] about German Annual Inflation Jumped 3.4% in August, a New 13-Year Record High
GBPUSD Weekly Outlook: The Pair Is Bullish on Business Confidence Boost
UK Business confidence jumped 6% points to 36% in August 2021 (YoY). Approximately 13% of UK businesses that were not stopped from trading at the height of the pandemic reported lower-than-normal stock levels. The US GDP rise of 6.6% in Q2 2021 (QoQ) failed to meet analysts’ estimates at 6.7%. The GBPUSD pair added 0.50% as of August 27, 2021, to close at … [Read more...] about GBPUSD Weekly Outlook: The Pair Is Bullish on Business Confidence Boost
Japan PM Challenger Wants Trillions of Yen in Stimulus
Source: Reuters Former Foreign Minister Fumio Kishida, said to be a frontrunner for the Prime Minister position in the upcoming election, is calling for several trillions of yen to be unleashed as economic stimulus. Kishida wants the stimulus released as soon as possible, as reported on Nikkei.The stimulus will cover provisions for all the economic sectors and regions in … [Read more...] about Japan PM Challenger Wants Trillions of Yen in Stimulus
Powell Maintains Tapering Possible Within 2021, Calls Delta Threat ‘Near-Term’ Risk
Source: WSJ Fed Chair Jerome Powell on Friday maintained the stance that the bond-buying program could be cut down in the coming months, citing favorable prospects even as the delta variant poses risks in the near term. Powell said most participants believed conditions could warrant a tapering in the $120-billion monthly purchases starting this year during last … [Read more...] about Powell Maintains Tapering Possible Within 2021, Calls Delta Threat ‘Near-Term’ Risk
